Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0448%/8h= −49.1% APRpaid last 24h −0.016%

Price spread now: Bitget against Extended−0.020%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.020%, 7d avg −0.018%

Together, before fees−0.005%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WMT-USD	107.57	0.0448	pay 0.0056% / 1h	48m 58s	$23K	$115K	10x
Short	Bitget WMTUSDT	107.55	0	get 0.0000% / 8h	1h 48m	$539K	$120K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee BitgetbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$94.08
Price spread: −0.020% → −0.018%: −$0.17
Slippage, 4 orders: −$49.86
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$161.12
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from Extended: live order book, 31 min ago; Bitget: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 31 min ago	1.40 bp	16.4 bp −$16	80.9 bp −$809	doesn't fit	doesn't fit
Sell Bitget live order book, 31 min ago	1.86 bp	20.6 bp −$21	43.9 bp −$439	doesn't fit	doesn't fit

WMT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX WMTUSDC	−0.0913%	4h	107.58	+0.007%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.36	−0.197%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.69	+0.110%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.58	+0.008%	$82K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.53	−0.038%	$815K	$21K	25x	as long as short
Bitget WMTUSDTshort	0.0000%	8h	107.55	−0.020%	$539K	$120K	50x
HTX WMT-USDT	0.0000%	8h	108.04	+0.436%	$6K	$346K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.698%	$3K	$26K	12x	as long as short
QFEX WMT-USD	+0.0041%	1h	107.58	+0.008%	$1.1M	$2.4M	10x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.63	+0.055%	$33K	$889K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX WMT-USDT	+0.0100%	8h	107.58	+0.008%	$1K	$3.0M	10x	as long as short
Variational Omni WMT	+0.0183%	8h	107.57	+0.003%	$61K	$79K	—	as long as short
Extended WMT-USDlong	+0.0448%	1h	107.57	long leg	$23K	$115K	10x
Binance WMTUSDT	+0.0449%	8h	107.59	+0.015%	$1.6M	$1.1M	20x	as long as short
GRVT WMT_USDT_Perp	+0.0703%	8h	107.61	+0.037%	$539	$128K	10x	as long as short